
26 November 2021 | 6 replies
I was in similar situation a couple of times this year and what I did was to ask for 2 or 3 hour window from the tenants and got them agreed; then arranged the showings in that time slot and was able to rent it out with just showing once (rent slightly below market).

30 May 2019 | 13 replies
I am a huge dog lover, however:Your house and lawn (pee and poop) will get destroyed.The dog may bite someone on your property, and the next thing you know, you are dragged into a lawsuit.

29 September 2023 | 37 replies
And as a result, not only wasting an agent's time in showing, but eating up a time slot that a qualifying person could have occupied.

14 February 2024 | 59 replies
I love real estate and I think it can be a great asset class for many investors, but it's not for everyone. 401Ks on the other hand get a lot of bad reps in these forums.

13 August 2022 | 24 replies
I have a referral, but am waiting to fill my 10 conventional slots first as the rates are better. many Portfolio Lenders will only do 15 year loans or 5/30, 7/30 arms and such.

30 November 2023 | 39 replies
There must be a lot of money in the business because I am always amazed about how much money he spend on the motel and he tore down a separate house he lived in on the property and build a mansion.As for someone investing who has no experience, I think someone who invests in a hotel or motel should understand that it is a 24-hour business that requires 100% around-the-clock employees willing to work during every major holiday even during the worst weather conditions, storms, or through whatever crises and current events are happening.The business requires several different shifts of workers for the front desk, several shifts of room-cleaning workers since many hotels and motels have guests coming and going 24/7 and they want to re-rent rooms asap, constant room maintenance for plumbing, heating and cooling and the guests come in all shapes and sizes with all sorts of inherent problems when it comes to the things they do both on the property, in the rooms, on the bed linens and then add the dealing with drug addicts, potential prostitution, potential sex-trafficking, potential sexual abuse in general and abuse of a minor, damage to the property, out-of-control parties, lovers having fights on the property and in the rooms, damage and theft to the linens, damage to bedspreads, and damage to the flooring.Since I am a plumbing contractor, many motels and hotels call my company to remove drug addicts' heroin needles stuck in toilet bowls.Before making an investment into a hotel or motel an investor needs to take a serious long amount of time to look at the books to see whether or not business in the area is declining, but since the hotel and motel business is one of the greatest cash businesses' in this country you can bet that many sellers will make you well-aware that the 'real' income cannot be verified.I did a lot of research for the past 20+ years, looked at more than 100 hotels and motels for sale and declined to purchase most of them due to the decline in sales in most areas they were located in.

10 February 2019 | 38 replies
@Richard Lovering thanks for your insights!

23 February 2024 | 4 replies
You know what else is up, all you lover dudes and dudettes?

18 April 2023 | 7 replies
Since I love RE I always been interested in how RE works in Brazil and from what I have learned the opportunities are very limited over here.

13 February 2024 | 21 replies
It's not a location problem; there's just too much inventory in that slot (3-5 bedroom 1700-2400 sf) in this area to command high prices without really having something to stand out.